The Daily Shot Brief – May 20th, 2020

Greetings,

Administrative Update

Please note that The Daily Shot will not be published next Monday, May 25th.

United States: Many small businesses have limited liquidity.

 

Source: JPMorgan Chase Institute; Read full article

 

Also, here is cash availability by sector.

Source: Deutsche Bank Research

 

Eurozone: The ECB’s securities purchases allowed Spain and Italy to sell quite a bit of debt this year.

Source: @WSJ; Read full article

 

Energy: After the negative-price fiasco in WTI, some traders have been avoiding the front futures contract, focusing on later months instead.

Source: @WSJ; Read full article

 

Equities: The market has been more forgiving than usual to companies that missed earnings estimates.

Source: @WSJ; Read full article

 

Global Developments: Investors have been extremely pessimistic on real estate this year.

Source: Macrobond; Read full article

 

Food for Thought: Visiting a buffet-style restaurant:

Source: YouGov; Read full article

Edited by Devon Lall

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Contact the Daily Shot Editor: Editor@DailyShotLetter.com

 

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